ev of $4m and 2 high impact funded cu projects

Some info on MOX
1. Cash and stock $8m Market Cap $11.5m so EV of $3.5m

2. are funded on three different projects by JV partners
this is important as it means that NTA figure of $8m wont get erroded with lots of exploration costs


3. 30% funded interest at Punt Hill by a major Chilean Copper Miner who must spend $10m to earn 70%
Abuts the Carapateena discovery and todays report compares the geoligical setting to Olympic Dam

See ARE AXT and TAS for examples of a few other Olympic Dam hopefuls

4. 50% funded interest at Melton near RXM's Hillside this is a significant discovery and values RXM at close to $500m
drilling about to recommence

5. 40% funded interest by OMH for Manganese cant say much about this project but has obviously caught OMH's eye


looks cheap would love an article commenting on todays Olympic Dam